Background*

Mr. Luiz Fernando Furlan served as an Executive of Panamerican Beverages, Inc. Mr. Fernando Furlan served as an Investor Relations Officer and an Executive Vice President at Sadia S.A. Mr. Furlán served as Executive of Panamerican Beverages, Inc. He served as Second Vice President and Foreign Trade Officer of the São Paulo State Federation of Manufacturing Companies (FIESP). He served as the Minister of Development, Industry and Trade from 2003 to 2007. His distinguished ... career has spanned more than 30 years. He served as a Vice President of the Brazilian Foreign Trade Association (AEB). He served as the President of Brazilian Association of Chicken Exporters (ABEF), Brazilian Association of Publicly Held Companies, Brazilian Association of Vegetable Oil Manufacturers (ABIOVE) and Mercosul European Business Forum (MEBF). He served as the Chairman of the Board at Sadia S.A. from October 2008 to July 2009. He worked at Sadia since 1978. He served as the Chairman of Banco Nacional De Desenvolvimento Economico e Social-BNDES. Mr. Furlán served as a Co-Chairman at BRF S.A. and has been its Independent Director since July 8, 2009. He has been an External Independent Director of Telefonica SA since January 2008 and Amil Participacoes SA since October 2007. He has been a Director of Telefonica Brasil, S.A. since February 19, 2008. Mr. Furlán has been a Director of AGCO Corporation since July 22, 2010. He served as an Independent Director at Redecard S.A. since August 2007. He served as an Independent Director of Kroton Educacional S.A. since June 2007. He served as a Director of PANAMCO (Pan American Beverages, Inc., in the USA). Mr. Furlan served as a Director at Sadia S.A. from October 2008 to July 2009 and Banco Nacional De Desenvolvimento Economico e Social-BNDES. He served as a Member of the Board of Directors of Brasmotor S.A. (Brazil). He served as a Member of Latin American Business Council (CEAL). He served as a Member of the advisory council of IBM - Latin America and ABN Amro Bank (Brazil). He served as a Member of the Board of Association of Sales and Marketing Managers (ADVB). Mr. Furlán served as a Member of the Business Committee of the Ministry of Foreign Relations and of the Brazil-United States Business Development Council. Mr. Furlán holds a Bachelor Degree in Chemical Engineering from the Industrial Engineering College of São Paulo and a Degree in Business Administration from the Santana Business Administration and Economics College. Mr. Furlán completed Graduate studies in Financial Administration from the Getúlio Vargas Foundation at São Paulo (FGV-SP), Corporate Training from the University of São Paulo (USP), Advanced Corporate Management from INSEAD (France), Quality Control from JUSE (Japan) and International Leadership from Georgetown University (USA).

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